Retirement plan

UNIVERSAL INSTITUTE 401(K) PLAN

Name: UNIVERSAL REHAB & FITNESS INST - UNIVERSAL INSTITUTE 401(K) PLAN (2024) Form 5500
Creator: UNIVERSAL REHAB & FITNESS INST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSAL INSTITUTE 401(K) PLAN, UNIVERSAL REHAB & FITNESS INST

UNIVERSAL REHAB & FITNESS INSTEIN 22-3026173Plan #001PY 2024

15 MICROLAB ROAD, SUITE 101 - LIVINGSTON, NJ 07039845-306-2900LinkedIn201-500 employeeshospital & health care

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$8.6M

+21.7% from 2023

Total participants

765

+10.9% from 2023

Average account balance

$30,669

+10.9% from 2023

Annual return

13.55%

-0.11 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.65M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$31K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

282

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

27.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$80

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
OPPENHEIMER5 years Filed as: OPPENHEIMER & CO. INC. Service code 15 · EIN 13-5657518	Recordkeeping	$18,367
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$4,158
ADP BROKER-DEALER10+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$23K

$34 / participant

Recordkeeping$23K100.0%

% of EOY assets

0.260%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WISS & COMPANY LLP
Auditor EIN: 221732349
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,669

$50,902-39.7%

$155,534-80.3%

$77,736-60.5%

Participation rate

27.8%

63.1%-35.3pp

78.2%-50.4pp

70.6%-42.8pp

Annual return

13.55%

34.85%-21.3pp

64.92%-51.4pp

31.26%-17.7pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$1,640

$2,824-41.9%

$5,630-70.9%

$4,651-64.7%

Admin fee / account holder

$80

$437-81.7%

$15,900-99.5%

$433-81.6%

Provider

Service type

Compensation

OPPENHEIMER5 years

Filed as: OPPENHEIMER & CO. INC.

Service code 15 · EIN 13-5657518

Recordkeeping

$18,367

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$4,158

ADP BROKER-DEALER10+ years

Service code 49 · EIN 22-3319984

Other Services

UNIVERSAL INSTITUTE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSAL INSTITUTE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion